REG - Red Rock Resources - Option Exercise, Directors' Dealings and TVR
25/01/2022 07:05
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RNS Number : 4547Z Red Rock Resources plc 25 January 2022
Red Rock Resources PLC
("Red Rock" or the "Company")
Issue of Shares upon Exercise of Options
Directors' Dealings
25 January 2022
Red Rock Resources Plc, the natural resource development company focussed on
gold, with developing interests in copper, cobalt, and other minerals,
announces the below events.
Director Dealings
On 20 January 2022, the Board has been informed that Mr Scott Kaintz, a
Director of the Company, has sold 1,785,714 ordinary shares of Red Rock
Resources Plc at a price of £0.00575 per share.
Options Exercise
On 20 January 2022, the Board of Directors approved the issuance of 5,670,000
ordinary shares of £0.0001 each in the Company, pursuant to the exercise of
2016 options into ordinary shares of the Company at an exercise price of
£0.0045 per ordinary share.
Following the exercise of 2016 options, the Company has received £25,515.
Directors' Participation
The table below sets out the total shareholding and interests of the Company
Directors in the share capital of the Company, following the shares sale and
exercise of options:
Directors New Ordinary Shares Ordinary Shares Post Issuance Total Shares % of Enlarged Issued Share Capital Options Warrants
Direct* Indirect**
Andrew R M Bell 2,880,000 32,316,883 15,396,487 47,713,370 3.90% 25,880,000 -
Scott Kaintz 2,340,000 3,072,093 15,396,487 18,468,580 1.51% 17,840,000 -
Sam Quinn 450,000 2,656,766 13,421,944 16,078,710 1.32% 3,450,000 -
Admission to trading on AIM and Total Voting Rights
Application is being made to AIM for 5,670,000 new ordinary shares to be
admitted to trading on AIM, the admission of which it is expected on or around
28 January 2022.
Following the issue of the 5,670,000 new ordinary shares, the issued share
capital of the Company consists of 1,222,378,801 ordinary shares of £0.0001
each with voting rights. No ordinary shares are held in Treasury.
The above figure of 1,222,378,801 may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in the
Company under the Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market
Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in
accordance with the Company's obligations under Article 17.
For further information, please contact:
Andrew Bell 0207 747
9990
Chairman Red Rock Resources Plc
Scott Kaintz 0207 747
9990
Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD
Beaumont Cornish Limited
Jason Robertson 0207 374
2212
Broker First Equity
Limited
The following disclosure is made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew R M Bell
2 Reason for the notification
a) Position/status Chairman
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction 2,880,000 EMI options exercise at £0.0045 per ordinary share.
c) Price(s) and volume(s) Name Price(s) Volume(s)
Andrew R M Bell £0.0045 2,880,000
d) Aggregated information
- Aggregated volume 2,880,000
- Price £0.0045
e) Date of the transaction 20 January 2022
f) Place of the transaction London, outside trading venue
d)
Aggregated information
- Aggregated volume
2,880,000
- Price
£0.0045
e)
Date of the transaction
20 January 2022
f)
Place of the transaction
London, outside trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Scott Kaintz
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction Sale of 1,785,714 Red Rock Resources Plc ordinary shares at £0.00575 per
ordinary share.
2,340,000 EMI options exercise at £0.0045 per ordinary share.
c) Price(s) and volume(s) Name Price(s) Volume(s)
Scott Kaintz £0.00575 1,785,714
£0.0045 2,340,000
d) Aggregated information
- Aggregated volume (sale) 1,785,714
- Price (sale) £0.00575
- Aggregated volume (options exercise) 2,340,000
- Price (options exercise) £0.0045
e) Date of the transaction 20 January 2022
f) Place of the transaction Shares sale - London Stock Exchange - AIM
Options Exercise - London outside trading venue
d)
Aggregated information
- Aggregated volume (sale)
1,785,714
- Price (sale)
£0.00575
- Aggregated volume (options exercise)
2,340,000
- Price (options exercise)
£0.0045
e)
Date of the transaction
20 January 2022
f)
Place of the transaction
Shares sale - London Stock Exchange - AIM
Options Exercise - London outside trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sam Quinn
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction 450,000 options exercise at £0.0045 per ordinary share.
c) Price(s) and volume(s) Name Price(s) Volume(s)
Sam Quinn £0.0045 450,000
d) Aggregated information
- Aggregated volume 450,000
- Price £0.0045
e) Date of the transaction 20 January 2022
f) Place of the transaction London, outside trading venue
d)
Aggregated information
- Aggregated volume
450,000
- Price
£0.0045
e)
Date of the transaction
20 January 2022
f)
Place of the transaction
London, outside trading venue
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